Tips For Finding The Right Investment Apartment

Are you considering investing in property? Buying an apartment can be a manageable option, perfect for first-time investors. The right apartment and good financial planning in Australia can secure incoming cash flow for years to come. Here’s our guide to investing in an apartment that will deliver high returns.

Apartment
Apartment

Why Invest In An Apartment Over A House?

Affordability

Compared to a traditional house, apartments are – generally speaking – much more affordable. Being smaller than a house and having no land, you can buy an apartment in a sought-after neighbourhood for a fraction of the price of a house in that same area. You will also potentially save on council rates and land taxes.

Less Maintenance

Renting out an entire house on land requires plenty of maintenance. From garden care to upkeeping the exteriors, you as the owner will shoulder all the maintenance costs. While you will likely need to pay a body corporate fee when you buy an apartment, this usually takes care of most of the routine maintenance for you and can be a more affordable arrangement over time. 

High Demand

The lack of new apartments being constructed can’t keep up with the rental demand. This is great news for investment apartment owners. As long as you buy an apartment in the right location, you shouldn’t have any issues with finding tenants. 

How To Find The Right Apartment

Choose The Right Location In Australia

The success of your investment apartment will largely depend on where it’s located. Generally speaking, you want to find a place that is close to a major community hub and has great public transport options. Apartments in or close to the city are usually in high demand. 

Other great location options can be near universities, hospitals, and other facilities where attendees require temporary accommodation, ideally for up to four years. Take note of the level of security in the area as well to avoid vandalism.

Keep An Eye On The Market

Our team of award winning brokers in Australia have access to high-quality market data that could inform you about the best time and place to buy. If you’re considering an investment apartment, reach out to us to discover what the market is doing and what that could mean for your investment plans.

Ask our Team of Award Winning Brokers In Australia

If you’re considering purchasing an investment apartment, give yourself the benefit of years of expertise and experience. Speak to our 1st Street Brokers today to discuss your needs.

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1st Street’s premium service comes at no cost to you! 1st Street is paid by the lender when your loan settles, however, this will not affect your interest rate or loan fees! It is often more cost-effective for a mortgage broker to process a loan rather than the lenders processing it themselves in-house. In fact, we often find that we can save you money by negotiating on your behalf.

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A word from our satisfied customers

Maxine Zhong
Maxine Zhong
19 October 2023
Amanda has been such an incredible support throughout our very first time going through the home loan process. Her thoughtfulness to regularly check in to make sure all our questions were answered and that all our documents were in place helped to make the whole daunting process feel seamless and easy. I could not recommend her enough - she made sure to keep us informed every step of the way and made sure all necessary documents/processes were completed well ahead of time so we never had to worry about missing any steps. She went well above and beyond her role, and I know we will definitely be coming back to her in the future, as well as recommending her to all of our networks! Thank you again, Amanda!
Mark Nesbitt
Mark Nesbitt
11 October 2023
Greg and the team provide an outstanding service. Highly recommended
Christine Tran
Christine Tran
23 September 2023
Yuval handled my first ever home loan, he did such an amazing job I asked to him to refinance for me 2 years later. Yuval made everything very easy for me, and will give his best recommendation as if it was his own. Would always recommend Yuval :)
David Petrini
David Petrini
25 August 2023
Yuval Bloomfield was an absolute delight to work with. He made it extremely easy for my clients to discuss about their financial situation. With Yuval's strong connections he was able to get the loan my clients wanted in very quick time. Will definitely refer Yuval again.
Sophie Linehan
Sophie Linehan
24 August 2023
Greg and the team at 1st Street were fantastic all the way through the process of getting our financing sorted and buying a new home. They not only secured us the most competitive mortgage in the market but they also gave advice on a number of mortgage-adjacent questions that came up along the way. Their responsive and thoughtful guidance helped make the nail-biting process clear and calm. We would definitely recommend their services.
Gabrielle Scott-Jones
Gabrielle Scott-Jones
18 August 2023
Greg and his team gave me exceptional advice and support. They were timely and detailed in their responses and dealt patiently with me as a first home buyer and all of my questions. The lender at the bank commented on how well I was being looked after compared with other brokers in the market. I’d highly recommend 1st Street to anyone, including friends and family.
Eli Simic
Eli Simic
15 August 2023
Great communication and fast service
Richard Kuipers
Richard Kuipers
11 August 2023
Jeremy and his team are superb. Negotiated the best deal for us and were an absolure pleasure to work with. Highly recommended, you can't do any better in my opinion.
Jordan Rivkin
Jordan Rivkin
1 August 2023
The team at 1st Street truly are professionals. I can't recommend Jeremy highly enough, he is extremely competent and just a great guy. You're in safe hands with 1st Street!
Yossi Bengida
Yossi Bengida
23 July 2023
Another amazing job by David and Bree. Always available for our questions, helpful and just 10/10 Seriously good work !! See you on the next one :) Yossi and liz